Prime Minister's Economic Advisory Council (PMEAC) Chairman C Rangarajan on Thursday said all the measures proposed in the Budget for 2013-14 taken together will help the country register a growth of 6.5 per cent in the next fiscal year. ...
08:03 PM, Feb 28, 2013
The Reserve Bank of India could make more cuts to the repo rate if inflation remains on projected lines, the Prime Minister's economic adviser C Rangarajan said on Tuesday. ...
01:04 PM, Jan 29, 2013
New Delhi: Inflation eased in the month of November and declined to 7.24 per cent from 7.46 per cent in the previous month and 9.46 per cent in November, 2011. Reserve Bank of India (RBI) Governor C Rangarajan while announcing the figure said, "I do not think economy can bear very high rate of inflation." Inflation, as measured by the Wholesale Price Index (WPI), stood at 7.45 per cent in...
11:41 AM, Dec 14, 2012
New Delhi: In order to deal with the issue of accumulation of wealth, Finance Minister P Chidambaram on Thursday said the time has come for a debate on imposition of inheritance tax. "Sometimes I doubt whether we have taken moderation (in tax rates) too far. Have we paid little attention to accumulation of wealth in few hands? I am still hesitant to talk about inter-generational equity and therefore inheritance tax....
09:34 PM, Nov 08, 2012
Mumbai: An expert panel, headed by PMEAC chairman C Rangarajan, has suggested giving freedom to millers to sell sugar in the open market among other recommendations. It has also recommended scrapping state-declared cane prices. The committee, in a press conference on Friday, has also suggested abolition of levy sugar system, under which mills are required to sell 10 per cent of their production to the government to meet ration shops...
12:40 PM, Oct 12, 2012
New Delhi: Prime Minister's Economic Advisory Council (PMEAC) on Monday said the RBI move to infuse liquidity in the system is "more potent" than a cut in interest rate and it will help banks expand credit portfolio. "The RBI has taken a cautious step. The latest data on inflation has not been encouraging...Under the circumstances, I believe this (25 bps reduction in CRR) is the maximum the Reserve Bank could...
04:45 PM, Sep 17, 2012
New Delhi: An increase in diesel prices in India should avert a credit rating downgrade for the country, C Rangarajan, chairman of the Prime Minister's Economic Advisory Council, said on Thursday. India raised the price of heavily subsidised diesel on Thursday, in a politically risky move to rein in the fiscal deficit and fight the threat of being the first in the BRICS group of emerging economies to be downgraded...
09:07 PM, Sep 13, 2012
New Delhi: To add to the woes of the common man who is already reeling under rising prices and blinding inflation, the government has pitched in with a diesel price hike that is likely to come into effect in two months. Prime Minister's Economic Advisory Council Chairman C Rangarajan has said that the hike can be expected any time in the next two months. He, however, added that it was...
08:54 AM, Aug 21, 2012
New Delhi: A hike in diesel prices is expected in the next two months, Prime Minister's Economic Advisory Council Chairman C Rangarajan on Monday said. "I think it will happen," he told Rajya Sabha TV when asked if diesel price increase could happen in the next two months. He, however, added PMEAC's role is only to emphasise what needs to be done and the decision has to be taken by...
12:19 AM, Aug 21, 2012
New Delhi: The Indian economy is likely to grow at 6.7 per cent in the current fiscal year, C Rangarajan, chairman of the PM's economic advisory council (PMEAC) told reporters during the mid-year economic outlook on Friday. The PMEAC has also pegged the inflation between 6.5 and 7 per cent. In recent years, the advisory panel has been overly optimistic about India's economic performance, and the revised forecasts are higher...
12:15 PM, Aug 17, 2012
Kolkata: The Centre is determined to contain fiscal deficit to spur economic growth and will take action in this regard, the chairman of the Prime Minister's Economic Advisory Council, C Rangarajan, on Friday said. "There is a debate between austerity and growth and we have made up our mind to contain fiscal deficit," Rangarajan said on the sidelines of a function on Statistics Day at the Indian Statistical Institute. He...
05:23 PM, Jun 29, 2012
New Delhi: Prime Minister Manmohan Singh is still "churning" in his mind as to who will take over the key Finance portfolio from Pranab Mukherjee who will step down from the coveted post on Tuesday. Amid widespread speculation that Singh, the architect of economic reforms in the 1990s during his stint as Finance Minister, may keep the portfolio with himself in the immediate future, there are no clear indications as...
08:02 PM, Jun 24, 2012
New Delhi: The race to Rashtrapati Bhawan may be over but the hunt has now begun to find a replacement for Pranab Mukherjee in the Finance Ministry. But what is corporate India's expectation from the new minister in this crucial portfolio? The corporate India is looking forward to a reformer in the North Block. Former Infosys director Mohandas Pai said, "Corporate sector is disappointed with the Finance Minister's Budget which...
07:32 AM, Jun 16, 2012
The Prime Minister's Chief Economic Advisor Dr C Rangarajan has admitted that a hike in diesel and LPG prices is imminent despite a steep hike in petrol prices last week. While speaking to Karan Thapar on 'Devil's Advocate', Dr Rangarajan said the government can soften the blow but fuel price hike is the need of the hour to contain the fiscal deficit. Karan Thapar: Hello and welcome to the Devil's...
12:01 PM, Jun 03, 2012
New Delhi: As India inches closer to what seems like a sequel to the 1991 economic crisis, it is also moving towards a similar political arrangement to manage the economy. It may be recalled that in June 1991, PV Narasimha Rao chose Dr Manmohan Singh " a non-politician then " as the finance minister to ring fence the management of the economy. There is a growing buzz on Raisina Hill...
08:42 AM, Jun 03, 2012
New Delhi: The Prime Minister's Chief Economic Advisor Dr C Rangarajan has admitted that a hike in diesel and LPG prices is imminent despite a steep hike in petrol prices last week. While speaking to Karan Thapar on Devil's Advocate, Dr Rangarajan said the government can soften the blow but fuel price hike is the need of the hour to contain the fiscal deficit. Here's an excerpt of the interview:...
07:17 AM, Jun 02, 2012
Prime Minister Economic Advisory Council chairman C Rangarajan has admitted that the economic situation is critical. ...
10:55 PM, Jun 01, 2012
The industrial output for March is in red, slumping to minus 3.5 per cent. PM's economic advisor C Rangarajan speaks about it. ...
10:58 PM, May 11, 2012
India's industrial output unexpectedly contracted 3.5 per cent in March from a year earlier, government data showed on Friday. ...
12:04 PM, May 11, 2012
New Delhi: The government in a high level meeting chaired by Prime Minister Manmohan Singh decided to free sugar exports by removing quantitative restrictions in order to expedite shipments of the sweetener. This came after Agriculture Minister and NCP chief Sharad Pawar shot off an angry letter terming the UPA's policy on agriculture exports 'ambivalent' and 'against the interest of the farming community'. Importantly, Pawar had termed the Food Ministry's...
06:59 AM, May 03, 2012
